Texas man pleads guilty to wire fraud conspiracy in $360 million Ponzi scheme - News Summed Up

Texas man pleads guilty to wire fraud conspiracy in $360 million Ponzi scheme


An undercover FBI agent discovered an alleged Ponzi-like scheme when he was offered the opportunity to invest $10 million. (Al Drago/Bloomberg)BALTIMORE — One of three defendants in an alleged $360 million Ponzi scheme involving hundreds of investors in Maryland and Virginia pleaded guilty Tuesday in an agreement with federal prosecutors. Jezierski admitted in his plea agreement to participating in the scheme beginning in 2017. Jezierski was paid a yearly salary of $80,000 but made significantly more in bonuses, the plea agreement states. … we do not want anyone to know details,” according to the plea agreement.


Source: Washington Post April 03, 2019 22:10 UTC



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